3 Reasons Why Bitcoin (BTC) Could Rally to $116K Soon

Bitcoin’s price has seen better days as it failed at reconquering the $90,000 level despite a price surge to $92,000 earlier today and now sits below it for the third time this week.

Some technical signals now suggest that a reversal could be forming following the massive crash from the past few weeks. Analysts are watching for key confirmation signals, with recovery targets as high as $116,000.